đ Crypto Market Update: Fed Holds Rates Steady, Bitcoin Eyes $100K Amid FOMC Fallout
The Federal Reserveâs decision to maintain interest rates at 4.25%-4.5% has injected fresh momentum into crypto markets, with $BTC flirting with $100,000 and altcoins rallying. Hereâs what you need to know:
Key Highlights
1. *Bitcoinâs Resilience: BTC surged to $98,000* post-FOMC, recovering from a brief dip to $95,800 after Chair Jerome Powellâs cautious remarks on stagflation risks . Analysts now eye a potential breakout above $100k, fueled by inflows into spot Bitcoin ETFs ($105M on May 7) .
2. Fedâs Balancing Act: The Fed acknowledged rising uncertainty, citing risks of both higher unemployment and inflation due to Trumpâs trade policies . Markets now price in three rate cuts by year-end, with July as the likely starting point .
3. Altcoin Rally:
$DOGE GE (+5%) and ADA (+4%) led gains among majors .
- Staking-focused tokens like SUI ($1.7B volume) and $SOL Solana ($150) surged as investors chased yields amid flat USD returns .
- Meme coins Mog Coin and Ponke skyrocketed post-FOMC, riding bullish sentiment .
4. Ethereumâs Pectra Upgrade: ETHâs latest upgrade went live, enhancing Layer-2 scalability and validator UX. Price held steady near $1,800 despite broader volatility .
Market Outlook
#FOMCMeeting #BTCBreaks99K #BTCtrade #StripeStablecoinAccounts
While the Fedâs âwait-and-seeâ stance offers short-term stability, stagflation fears loom. Cryptoâs inverse correlation to traditional markets could strengthen if rate cuts materialize, driving further inflows into BTC and high-beta alts like SOL and SUI .